Financial Digest

Women-owned businesses in SA get major financial boost

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The International Finance Corporation is investing R600m Business Partners, which is partnering with the Goldman Sachs 10,000 Women initiative

SA’s drive to strengthen women-owned businesses has received more than a half a billion rand boost.

“We call upon the private sector to do the same. The government is committed to reaching its target to set aside 30% of the value of its procurement for women-owned businesses, and to progressively increase that to 40%,” Ramaphosa said at the time. Adamou Labara, IFC country manager for SA, said female entrepreneurs are changing the landscape of the global economy, creating sustainable jobs and economic growth. “When we help unlock financing for women-owned businesses we support an important engine of job creation in SA.”

 

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